Business

A federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple.

The trial is designed towards addressing the need for an investigation on this new formulation based on encouraging pre-clinical evidence for the treatment of COVID-19, Mankind Pharma said in a statement.

According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 17.1 per cent, while the output of mining and power fell 19.8 per cent and 10 per cent, respectively.

The future of Canadian Finance Minister Bill Morneau appeared uncertain on Tuesday after a newspaper said he had clashed with Prime Minister Justin Trudeau over how much Ottawa was spending to tackle the coronavirus outbreak.

This is the highest any Indian company has been ranked on the Fortune Global 500 list. Reliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016.

The number of people in work in Britain fell by 220,000 in the three months to June, the most since 2009, as the coronavirus crisis hammered the number of selfemployed, Office for National Statistics said.

Axis Bank was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by Tata Steel, ICICI Bank, HDFC, PowerGrid, Tech Mahindra and SBI..

Dungeon and Fighter Mobile, a game that was due to be published by Tencent Holdings on Aug. 12, said its release will be postponed due to upgrades needed for the game's addiction prevention system.

Asian stocks were set for a cautious start on Tuesday, following a mixed Wall Street session and as investors eyed stalled U.S. stimulus efforts and worsening strains between Washington and Beijing over Hong Kong.

Simon Property Group Inc missed Wall Street estimates for quarterly profit on Monday, hurt by unpaid rent from retailers across its U.S. malls who suffered a total loss of 10,500 shopping days due to coronavirusled lockdowns.

U.S. job openings increased in June but the surge in vacancies was accompanied by a rise in workers quitting their positions at hotels, restaurants and bars, likely because of fears of exposure to COVID19 and problems securing child care.

Oil giant Saudi Aramco is moving ahead with plans to boost its oil output capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year, its chief executive said on Monday.

The U.S. government's road safety agency is investigating complaints of fires in a power and charging port in some Chrysler Town and Country minivans.

Singapore's Temasek Holdings is terminating its $3 billion conditional offer for conglomerate Keppel Corp by invoking a material adverse change (MAC) clause following the company's poor financial results.

UKIBC's first Indian Group CEO Jayant Krishna said he expects to see growth in UK-India trade as both countries come out of the coronavirus crisis, asserting that UK businesses are very keen to support India's 'Aatmanirbhar Bharat' mission.

A directive in this regard has been issued, the agriculture ministry said as in the last few months thousands of suspicious seed shipments have been reported across the world.